3 Flat 1228 Race West Town Chicago IL Mu Investme| Chicago Property Listings – X Plus Real Estate

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3 Flat 1228 Race West Town Chicago IL Mu Investme

City: Chicago ZIP: 60642

Built In: 1912

Lot Size: A

Lot Dimensions: 24X87

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $0

Unit 2 Floor 2: 2 bedrooms 1 baths $0

Unit 3 Floor 3: 2 bedrooms 1 baths $0

Detailed Listing Description

Excellent opportunity for the savvy investor to score this fixer-upper in booming West Town! Property needs a lot of work and is being sold as-is, but has great bones and plenty of potential. Bring your contractor and creative ideas and transform this 3 flat into a money-maker. Brand new roof. Property can accommodate 3 units each featuring 2 bed 2 baths.

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1J
  • Tenant Pays Unit 2J
  • Tenant Pays Unit 3J
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
  • Appliances Unit 3O
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60642

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,047,408 to $1,264,667
This listing is 40% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - West Town

Listings in this Neighborhood average: 3 to 4 units, with average prices of $873,844 to $1,036,652
This listing is 28% more than other 3 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $50,554 Monthly $4,213
Rental Income Stabilized : Annual $63,192 Monthly $5,266
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$625,0003$208,3335.23%12.360.84%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,213$5,266
Year Total$50,554$63,192
Expense
Total$17,882$17,882
Net Operating Income$32,672$45,310
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $7563 $20940 $28503 $2376
Total         $7,563 $20,940 $28,503   $4,169 $7,563 $11,732
Stabilized         $7,563 $20,940 $28,503   $16,807 $7,563 $24,370
Custom         $7563 $20940 $28503   $16807 $7563 $24370




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1468,7502,3766181,7586181,7582,376
2468,1322,3766211,7551,2393,5134,752
3467,5112,3766231,7531,8625,2667,128
4466,8882,3766251,7512,4877,0179,504
5466,2632,3766281,7483,1148,76611,880
6465,6362,3766301,7463,74410,51214,256
7465,0062,3766321,7444,37612,25616,632
8464,3742,3766351,7415,01113,99719,008
9463,7392,3766371,7395,64815,73621,384
10463,1022,3766391,7376,28717,47323,760
11462,4632,3766421,7346,92919,20726,136
12461,8212,3766441,7327,57320,93928,512
13461,1772,3766471,7298,22022,66830,888

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Listing Agent: Matthew Liss
Listing Office: Mark Allen Realty, LLC
2015 W. Fullerton Chicago

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